The comparative financial statements prepared at December 31 for Golden Corporation showed the following summarized data:

Required:
1. Complete the two final columns shown beside each item in Golden Corporation€™s comparative financial statements. Round the percentages to one decimal place.
2. Use the horizontal (trend) analyses to identify (a) a large percentage change in one account that is accompanied by a small dollar change and (b) a directional change in one account balance that is inconsistent with the direction of change in a related account balance.

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Increase (Decrease) in Current (versus Previous) Current Previous Amount Parcentage Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income taxes Income tax expense Net income Balance Sheet Cash Accounts receivable (net Inventory Property and equipment (net) $180,000 $1 $165,000 00,000 65,000 50,400 -2700 2600 12,000 3,000 $ 9,000 110,000 70000 53,300 14,000 4000 10,000 $ 4000 19,000 40000 45000 s 8,000 23.000 35,000 8,000 10,000 104,000 Current liabilities Note payable (long-term) Common stock (par $5) Additional paid-in capital Retained earnings 16,000 1,000 45,000 20,000 5000 5,000 $104,000 S 19,000 45000 30,000 5,000 12000 $108,000